Cargills gets CB approval to set up new bank
September 7, 2011 02:50 pm
The
Central Bank has issued a provisional letter of approval to Cargills Ceylon PLC
to establish a new commercial bank in Sri Lanka, a stock exchange filing
said.
It said the application for a banking license had been made jointly by Cargills and its parent C T Holdings, who are the joint promoters of the new bank ‘Cargills Agriculture and Commercial Bank(CACB).
